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    1375 Federal Dr Montgomery, AL 36107

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    1375 Federal Dr Montgomery, AL 36107

    View on Map
    • Strip malls
    • 23,299 SF
    • 2.21 lot acres
    For Lease
    $550,000
    View Listing →
    Montgomery Plaza Retail Opportunity For Lease
    $550,000
    41,225 SF

    Montgomery Plaza Retail Opportunity

    Prime commercial space for rent in Montgomery, Alabama.

    1375 Federal Dr, Montgomery, AL 36107
    View Listing
    Property ID
    US03-0472782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $550,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Circle K / Gas Station
    • Ranch Thrift Store / Discount Store

    Property Details for 1375 Federal Dr

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.21 lot acres
    Property size
    23,299 SF
    Zone code
    B-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10-02-04-2-002-002.000
    APU
    1002042002002000

    Description

    Montgomery Plaza, located at 1375-1401 Federal Drive in Montgomery, Alabama, presents a compelling investment opportunity. This single-tenant retail strip center encompasses 41,225 square feet across three one-story buildings situated on a 4.08-acre lot. Currently, 22,000 square feet of space is available for lease. The property benefits from a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring excellent accessibility. The surrounding area boasts strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property's B2 zoning allows for a variety of commercial uses. Its strategic placement near established businesses, including Walmart and various food outlets, and the ongoing construction of a Circle K next door, further enhances its appeal and potential for growth. The owner is actively seeking tenants and is willing to make significant upgrades to the property to attract suitable businesses. Utilities are readily available. This property offers a unique chance to establish a thriving commercial presence in a vibrant and accessible location. The substantial available space presents a blank canvas for a variety of retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $762,000
      Market price range: $763k - $2.82M
      AI Estimate
      $386,000
      Market price range: $386k - $969k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.2735
    Latitude
    32.397
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,473
    $24,060
    $86,440
    $110,500
    -
    $120,300
    $432,200
    $552,500

    Comparable in this City

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      $960,000
      29,378 SF

      2501 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 29,378 SF
      2501 Atlanta Hwy, Montgomery, AL 36107
      View Details
    • Value Estimation by Request
      3,200 SF

      612 Panama St

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      612 Panama St, Montgomery, AL 36107-2426
      View Details
    • Value Estimation by Request
      5,449 SF

      1857 Mt Meigs Rd

      SHOPPING CENTER, STRIP CENTER • 5,449 SF
      1857 Mt Meigs Rd, Montgomery, AL 36107-2209
      View Details
    • Value Estimation
      $2,610,000
      21,091 SF

      1130 Ann St

      SHOPPING CENTER, STRIP CENTER • 21,091 SF
      1130 Ann St, Montgomery, AL 36107-3002
      View Details
    • Value Estimation
      $1,615,000
      7,080 SF

      907 Ann St

      SHOPPING CENTER, STRIP CENTER • 7,080 SF
      907 Ann St, Montgomery, AL 36107-2001
      View Details
    • Value Estimation
      $640,000
      6,464 SF

      921 Ann St

      SHOPPING CENTER, STRIP CENTER • 6,464 SF
      921 Ann St, Montgomery, AL 36107-2001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,890 SF

      1375 Federal Dr, Montgomery, AL 36107

      Retail space • 20,890 SF
      1375 Federal Dr, Montgomery, AL 36107
      View Details
    • $90,000

      Prime Commercial Land Opportunity

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      Profitable Gas Station Investment Opportunity

      High-traffic gas station and convenience store for sale in Montgomery.
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      1,450 SF

      Montgomery Muffler Shop Building

      1450 SF building in prime Montgomery location for sale.
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      Retail Lot in Montgomery

      Highly visible retail lot in North Central Montgomery for sale.
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      Freestanding Restaurant Near Military Department

      Freestanding 2,998 SF restaurant near Alabama Military Department.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Opportunity in Montgomery

      41,225 SF commercial space on 4.08 acres for rent.
      1375 Federal Dr, Montgomery, AL 36107
      View Details
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      Montgomery Plaza Retail Opportunity

      Prime commercial space for rent in Montgomery, Alabama.
      1375 Federal Dr, Montgomery, AL 36107
      View Details
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      Retail Space in Midtown Plaza

      High-traffic retail space available in well-leased shopping center.
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      Retail Strip Center For Rent

      Newer retail strip center built in 2021, convenient location.
      2720 Poplar St, Montgomery, AL 36107
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      Muffler Shop Building in Montgomery

      1,450 SF building in a prime Montgomery location.
      1325 Federal Dr, Montgomery, AL 36107
      View Details
    View Listing
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    Montgomery, AL 36107
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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